RE: BTC update 18.12.2019

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BTC update 18.12.2019

in btc •  5 years ago  (edited)

My count is somewhat similar, that is without the triangle, which is a very ugly one. I've put the red B on top of the orange c, making that a failed zigzag B wave; which is ugly too, I know. However, it does look very impulsive up now, which, of course, is promising. Massive support in the 6500$ range from several angles.

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Yeah but you can't make the C work when you do it like this. I tried that like 200 times :D
And the ugliness actually speaks for the triangle B. (If it's very ugly consider triangles or WXY combinations)

That may be. Good points! Fortunately, in the end, it doesn't matter that much: just another stupid correction. Let's hope we're finally done with that.

Exactly!
Because if this is some kind of bigger B wave, we will hit 5500 in a few weeks...

Spot on here, maybe we hit somewhere between the price now and 8k then down to at least 5900, maybe 5500 then we bottom.